The Indian High Commission said on Tuesday that Pakistan’s exports to India had grown faster than imports despite missing of a deadline of Dec 31 for complete trade liberalisation regime between the two countries.
A recent tension between Pakistan and India over Line of Control led to suspension of revised visa regime along with cross-border bus service in Kashmir. After signs of easing of tension, bus service between Poonch and Rawalakot was resumed on Monday.
For the commerce ministry in Pakistan, the delay in complete liberalisation was because of procedural hiccups along with political compulsion, but for the skeptics in Pakistan, the LoC tension provides an opportunity to propagate for reversal of all those measures taken so far for complete liberalisation of trade regime with India.
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